Cookies

We use cookies to ensure that we give you the best experience on our website. By continuing to browse this repository, you give consent for essential cookies to be used. You can read more about our Privacy and Cookie Policy.


Durham Research Online
You are in:

Understanding the impact of Mandatory CSR Disclosure on Green Innovation: Evidence from Chinese Listed Firms

Ren, S. and Huang, M. and Liu, D. and Yan, J. (2022) 'Understanding the impact of Mandatory CSR Disclosure on Green Innovation: Evidence from Chinese Listed Firms.', British Journal of Management .

Abstract

Drawing on the institutional view of legitimacy theory, we examine whether and under which conditions a policy tool, mandatory corporate social responsibility (CSR) reporting, enforced by constituents positively triggers firms to make substantive environmental responses. Using China’s 2008 CSR reporting policy as a quasi-natural experiment and the difference-in-differences (DID) estimation approach, the results reveal that after implementation of this policy, mandatory CSR reporting firms show substantially higher green innovation performance than non-CSR reporting firms. We further find that this effect is stronger for firms located in areas with high environmental enforcement intensity, for state-owned enterprises (SOEs), and for those with higher levels of media coverage. Moreover, we make a nuanced investigation on whether the media coverage is laden with a negative or positive tone, and find that both negative and positive coverage strengthen the relationship between mandatory CSR disclosure and green innovation.

Item Type:Article
Full text:Publisher-imposed embargo until 27 March 2024.
(AM) Accepted Manuscript
File format - PDF
(1182Kb)
Status:Peer-reviewed
Publisher Web site:https://onlinelibrary.wiley.com/journal/14678551
Date accepted:08 March 2022
Date deposited:14 March 2022
Date of first online publication:2022
Date first made open access:27 March 2024

Save or Share this output

Export:
Export
Look up in GoogleScholar